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San Francisco-based Coalition Inc., an insurtech firm that combines cyber insurance and technology expertise, said Thursday it has expanded its errors and omissions coverage to middle market companies with up to $1 billion in annual revenue.
The coverage had previously been available only for companies with less than $250 million in revenue, according to the company’s statement.
Coalition, which is backed by Swiss Re Ltd. unit Swiss Re Corporate Solutions and Lloyd’s of London, is offering up to $15 million of coverage.
Coalition is one of a group of similar companies experts say are in the right place at the right time as they fill growing demand in the space.
Cyber security firm Coalition Inc. is introducing two proprietary insurance products for cyber and technology errors and omissions as a managing general agent for Swiss Re Ltd. and Argo Group International Holdings Ltd.